On Wednesday, Bitcoin ETFs experienced further outflows, but the losses were not as steep as Tuesday’s massive withdrawals of over a quarter of a billion dollars. According to data from SoSoValue, the combined outflow across the 11 Bitcoin ETFs amounted to $37.29 million. The day brought mixed results: three funds recorded outflows, one fund managed to attract inflows, and the rest saw no activity.
Bitwise was the only ETF to register inflows, bringing in $9.46 million, offering a rare positive note in an otherwise challenging week. On the other hand, Grayscale’s GBTC led the outflows with $34.25 million exiting the fund. The VanEck HODL Fund also saw a drop, with $4.91 million flowing out, while Fidelity’s FBTC faced $7.59 million in outflows.
Other funds, including ARKB, Invesco BTCO, BlackRock, Valkyrie, Grayscale BTC, Franklin Templeton’s EZBC, and WisdomTree, recorded no movement for the day. The latest figures underscore a cautious stance among investors, but the lower outflow numbers compared to Tuesday suggest that sentiment is not uniformly negative.
At the time of writing, Bitcoin is trading at $$57,164, up 1.1% over the last 24 hours.
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